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Vietnam ministries against tax on sugary drinks

Vietnam ministries against tax on sugary drinks

Vietnam’s Finance Ministry has proposed a special consumption tax on some soft drinks that it claims contain an unhealthy amount of sugar, but its argument has been dismissed by other ministries.

Finance Ministry proposes new tax on pickups

Finance Ministry proposes new tax on pickups

The Ministry of Finance has proposed that the Government apply a special consumption tax on pickups to be set at 60 per cent of the tax on cars with nine seats or less with similar engine displacement.

Tariff cut leads to lower prices of imported CBU autos

Tariff cut leads to lower prices of imported CBU autos

Several auto firms have adjusted down prices of completely-built-up (CBU) autos imported from regional markets following an import tax reduction this year in line with a roadmap of the ASEAN Trade in Goods Agreement (ATIGA).

2016 budget revenues amount to $32 billion

2016 budget revenues amount to $32 billion

Budget revenues reached VND718.3 trillion (US$32.2 billion) in the first nine months of the year, accounting for around 70 per cent of the annual target, a representative of the Ministry of Finance said in its quarterly press briefing early this week.

Local car market sees rise in Thai imports

Local car market sees rise in Thai imports

Thailand has become the leading exporter of automobiles to Vietnam in the first four months of this year, with 10,155 units, accounting for 35% of total car imports, according to the Vietnamese Ministry of Industry and Trade.

Vietnam urged to tighten resource consumption tax

Vietnam urged to tighten resource consumption tax

It was critical for Vietnam to tighten natural resources consumption tax policies to improve budget collection from exploitation activities, while a number of resources were facing exhaustion, experts said.

Consumption tax hike needed

Consumption tax hike needed

Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.

Beer companies seek delay in tax

Beer companies seek delay in tax

Beverage companies seek to delay until the beginning of 2017 the application of amended regulations on calculating their special consumption tax, claiming they need more time to adjust their production plans.

Overseas Vietnamese receive car tax break

Overseas Vietnamese receive car tax break

Viet kieu (Overseas Vietnamese or OV), who are intellectuals, experts and skilled workers, have been granted a tax exemption on used cars they bring to Vietnam , according to a new Government decree.